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Nintendo gets Retro

Purchases remainder of shares from former owner Jeff Spangenberg

Nintendo has purchased Metroid Prime developer Retro Studios, the company announced yesterday. The Austin, Texas based developer cost the Japanese gaming giant one million dollars, the price of the remaining 55 million shares in the company, in which Nintendo previously held a 21.4 percent stake. Previous owner, Jeff Spangenberg, now plans to pursue other business interests. Metroid Prime is due out later this year, and is being overseen by Nintendo's creative genius Shigeru Miyamoto.

Source - IGN

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